3 Retail Stocks Poised for a Bull Run

Retail was one of the more badly hit sectors when the COVID-19 pandemic began. Early last year, companies with numerous brick-and-mortar stores had to shut them temporarily as governments around the world imposed lockdowns and movement restrictions to curb the spread of the coronavirus. Even when restrictions were eased as the situation improved, foot traffic remained low due to social distancing guidelines, while many people also avoided heading to stores in favor of ordering their supplies online.

Retail stocks took a big hit as many retailers scrambled to shift orders onto online platforms to make up for the plunge in physical retail sales. However, a select group of retail businesses have not only remained resilient throughout the crisis, but have also thrived as they catered to new habits and pivoted to online methods of selling.

Here are three retail stocks that have reported strong earnings and whose stock prices could be poised for a bull run.

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Source Fool.com